Copper futures settled higher on Monday as weak Chinese inflation data spurred expectations that the Chinese government will roll out more stimulus measures to shore up growth. Copper prices rose further as the US currency weakened after Fed officials signalled the central bank was nearing the end of its tightening cycle.
Copper futures for September delivery gained $0.0025 to settle at $3.7845 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was up by 0.02 percent at $8,372.50 a ton.